Environmental, Social, Governance (ESG)

As sustainability and climate change emerge as a critical global issues , each key area of sustainability is being addressed in international agreements and regulations. Sustainability is becoming a key consideration in investor interests, consumer and customer expectations, and employee interests. People want to work with, invest in, and be employed by brands that consider sustainability a key part of their overall business strategy. There are 3 key focus areas of sustainability;

Economic

Social

Environmental

An ESG sustainability business strategy helps to address all of the pillars of sustainability, showcasing an organisation’s ability to value growth while also considering the implication’s of its actions on the future. ESG is a fast moving and evolving topic which touches upon  many different area’s of a business. Winterhawk helps organisations to identify gaps in their Controls, and Policies. Providing them with the solutions to manage their frameworks, initiatives and metrics.

 

Sustainability has emerged as a business, legal, and consumer priority and is becoming a key consideration in investor interests, employee and customer expectations.

What are the key frameworks?

The GRI Standards enable any organization –private or public – to understand and report on their impacts on the economy, environment and people in a comparable and credible way, thereby increasing  transparency on their contribution to sustainable development.

CDP is a not-for-profit charity that runs the global disclosure system for investors, companies, cities, states and regions to manage their environmental impacts.

The Financial Stability Board created the Task Force on Climate-related Financial Disclosures (TCFD) to improve and increase reporting of climate-related financial information.

World Economic Forum (WEF) is the International Organization for Public-Private Cooperation. The Forum engages the foremost political, business, cultural and other leaders of society to shape global, regional and industry agendas.

Sustainability Accounting Standards Board (SASB) SASB Standards guide the disclosure of financially material sustainability information by companies to their investors.

ESG Ratings

The biggest ESG rating providers are considered to be MSCI and Sustainalytics, mainly due to their wide coverage. Bloomberg, and Refinitiv (formerly Thomson Reuters) as well as credit ratings agencies such as Moody’s, S&P and Fitch also provide ESG ratings.

How important are ESG Ratings for a listed company ?

According to analysis from Broadridge Financial Solutions they estimate that ESG assets will reach $30 trillion by 2030

“Most businesses are demonstrating awareness through some level of tangible action, and we are seeing a significant uplift in carbon projects as well as a commitment to reducing – with a view to eradicating – carbon from business operations. Enquiries are also notably deriving from the top, indicative of C-suite interest in climate commitments and the route to practicing good ESG.”

Lyndon Gill, Winterhawk ESG Specialist

 

How is Winterhawk helping organisations navigate ESG?

Winterhawk services are designed to support ESG initiatives, and sustainability driven long term performance improvements.

Get in touch

Contact Winterhawk to schedule an ESG consultation.